PSA Stock Summary and Trading Ideas (Public Storage | NYSE:PSA)

Public Storage is the largest owner of self-storage facilities in the us with more than 3,000 self-storage facilities in 40 states and approximately 218 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

Public Storage trades on the NYSE stock market under the symbol PSA.

As of May 10, 2024, PSA stock price climbed to $275.94 with 349,991 million shares trading.

PSA has a beta of 1.08, meaning it tends to be more sensitive to market movements. PSA has a correlation of 0.33 to the broad based SPY ETF.

PSA has a market cap of $48.48 billion. This is considered a Large Cap stock.

Last quarter Public Storage reported $1 billion in Revenue and $4.03 earnings per share. This fell short of revenue expectation by $-64 million and missed earnings estimates by -$.06.

In the last 3 years, PSA stock traded as high as $421.76 and as low as $233.18.

The top ETF exchange traded funds that PSA belongs to (by Net Assets): VNQ, VTI, VOO, SPY, IVV.

PSA has underperformed the market in the last year with a return of -3.8%, while the SPY ETF gained +28.4%. In the last 3 month period, PSA fell short of the market, returning -1.8%, while SPY returned +4.2%. However, in the most recent 2 weeks PSA has outperformed the stock market by returning +6.7%, while SPY returned +3.4%.

PSA support price is $271.19 and resistance is $279.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSA stock will trade within this expected range on the day.